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Re: small business loan

I am starting my own Sarama Group Company. I need about 60,000.00 dollars to get started.Sarama Group Company is a newly established recycling company with an aim to provide accessible petroleum products(diesal), carbon black and steel wire from waste tyres, rubber and plastic through recycling technologies and preventing environmental pollution. My company is profit organization,with a

VISSION

To facilitate accesses to oil Energy for social production, essential for alleviating poverty and promoting small and medium scaled business, industrial development and better transportation networks in a general effort to improve socio-economic well

phanio | Contributor |
10/11/2010 - 7:10 am

There are several financing options for you - some that depend on your needs - i.e. for equipment or real estate and some based on your strengths.
If the capital you are seeking is mostly for working capital and you need it unsecured, there are a few non-bank lenders that would work with you. Or, there are some other sources that may require that you piece it together. But, since you only need $60K - that should be very manageable.

autoprt1111 | Window Shopper |
11/6/2011 - 3:25 am

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There are several financing options for you - some that depend on your needs - i.e. for equipment or real estate and some based on your strengths.
If the capital you are seeking is mostly for working capital and you need it unsecured, there are a few non-bank lenders that would work with you. Or, there are some other sources that may require that you piece it together. But, since you only need $60K - that should be very manageable.

Good advice on this one. The unsecured route for most businesses today is more than likely the best one since most banks are afraid to lend unless they have history with you.&nbsp; The good thing about these types of loans is they allow to go the &quot;cash for collateral&quot; route or allow you to receive funds by borrowing against your past due invoices or through a cash flow increase loan program.

greghanss | Window Shopper |
10/23/2011 - 3:36 pm

There are different financing options. The best place to start would be the Ultimate Guide to Financing and I need Money Where Do I Get It. This gives you some information on where to get money.
JimD

I think a good option will be also to think about angel capital market. Expose your idea to investers all around the world, as fas as i know you have a limit of 50k for a level A - idea. if you already progressed then, maybe will be better to present it as a level c or d for more chances of getting the budget